BPCL: Analysis
Updated
Keep an eye on BPCL it is on its verge of breakout. As you can see their is a formation of triangular pattern which is consolidation for few days not level is shrinking to the verge of breakout.
Trade active
Retracement Possible. Entered at the breakout level. Best entry levelTrade active
Possible Retracement in progress.Trade active
Possible Parallel channel breakout as per levels mentioned in the above chart (Black range) in the upcoming few days. Keep an eye on this.Trade closed: stop reached
SL hit @ 405.25
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